Tuesday, June 3, 2008

The accounting general ledger is a record containing all accounts used by the company. It is the main source of a companies financial records, the general ledger may also be known as the chart of accounts.

This general ledger for bookkeepers includes all accounts that make up the accounting equation, A=L+E The accounting general ledger is a collection of all accounts in a company's information system. A company’s size, nature of business, and diversity of operations dramatically affect the number of accounts needed in the ledger.